1. The district court of the county where a corporation’s principal office,or, ifnone in this state, itsregistered office is located may summarily order a meeting to be held pursuant to any of the following: a. On application of any shareholder of the corporation ifan annual meeting was not held or action by written consent in lieu of an annual meeting did not become effective within the earlier of six months after the end of the corporation’s fiscal year or fifteen months after its last annual meeting. b. On application of one or more shareholders who signed a demand for a special meeting valid under section 490.702 ifany of the following applies: (1) Notice of the special meeting was not given within thirty days after the first day on which the requisite number of such demands have been delivered to the corporation. (2) The special meeting was not held in accordance with the notice. 2. The court may fix the time and place of the meeting, determine the shares entitled to participateinthe meeting, specify a record date or dates fordetermining shareholders entitled tonotice of and to vote at the meeting, prescribe the form and content of the meeting notice, fixthe quorum required for specific matters to be considered at the meeting, or direct that the shares represented at the meeting constitute a quorum for action on those matters, and enter other orders necessary to accomplish the purpose or purposes of the meeting. 3. For purposes of subsection 1, paragraph“a”, “shareholder” means a record shareholder, a beneficial shareholder, and an unrestricted voting trust beneficial owner.
‹ Prev All Iowa sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.